Six of the 30 strategies are trading the long side today on the gap up. We go over the market observations. The news last night on meetings with China in October was more bullish than what I would expect.
ES NightTrader did not trade but 6 other stock index strategies are trading on the long side. We go over the trades and talk about Market Divergences.
The Advance Decline line is trending down from yesterday and lower than yesterday. The NYSE TICK is also consistently below 0 since 10:30. These metrics can change at anytime to match the markets bullish trade but currently it is a divergence and concern for the long trades.
The market divergences we discuss in the video could be a good trading systems idea to research and develop.